2024-02-12 13:31:00 ET
Summary
- Terex is a worldwide leader among manufacturers of materials processing machinery and aerial work platforms.
- Strong spending funded by many governments is poised to benefit the company.
- However, after the company posted its FY 2023 results and released its FY2024 guidance, the stock fell significantly.
- In this article, we will look at Terex's financial history to see what investors were and are expecting from the company.
Introduction
Terex ( TEX ) numbers among the main global manufacturers of materials processing machinery and aerial work platforms, like the ones shown in the picture above. As such, the company's business is poised to benefit from strong macro-trends which are currently seeing a manufacturing re-shoring or near-shoring process financed by the U.S. government coupled with strong infrastructure spending in many areas around the world. As Terex reported during its last earnings call : "The US government has announced more than 40,000 projects in transportation, climate, and broadband. Spending on manufacturing is up approximately 70% in the last 12-month period"....
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For further details see:
Terex: A Worldwide Leader Being Pushed By Strong Tailwinds, Is It An Opportunity Or A Value Trap?